During
this time Company Will Solicit Donors to Fund Budget Proposed By Opera America

Meeting
of the Members of the San Diego Opera Association to be Announced Shortly

SAN DIEGO – San Diego Opera announces Carol Lazier, the former Secretary of
the Board, is now the acting President after President Karen Cohn resigned
along with 12 other Directors in a board meeting that lasted over four hours.

At a duly convened meeting on April 17, 2014, by
vote of the Directors constituting a majority of the required quorum for such
meeting, the San Diego Opera Association deferred its previously announced
April 29th date for closure of operations to at least May 19, 2014 to permit
the reconstituted Board and the Special Committee led by Carol Lazier to
explore opportunities to continue the Opera Association's mission.

Carol
Lazier recently offered $1M to help the Company and Board members research and
define ways to redirect the Company with new fundraising models, a new
repertoire and production techniques, and new cost saving measures.

“We have a devoted staff, an energized
Association and a board newly focused on finding novel and fiscally responsible
ways to present great opera to the City of San Diego.I have been deeply encouraged by the
outpouring of public support, and the genuine and enthusiastic participation by
the San Diego Symphony, Opera America, and the opera world.Together we can recreate San Diego Opera’s
future.”

The Company, under her leadership, will now
explore donor and fundraising options to prepare a 2015 season, the Company’s
50th, with advice from Opera America and outside experts.

A meeting of the Opera Association Members is
being planned and details of that meeting will be announced shortly.

The Company, led by Ian Campbell, announced its
closure last month which was originally scheduled to occur on April 14, 2014
after its final sold-out performance of Don
Quixote. A vote by the board on March 31 delayed that closure by two-weeks
until April 29, 2014. A vote yesterday extended this date to May 19, 2014.

Inquiries
about the Resolution should be directed to Bruce S. Ross of Holland &
Knight, bruce.ross@hklaw.com, 213 896-2400.

Inquiries
for the press release should be directed to Edward Wilensky at San Diego Opera,
Edward.Wilensky@sdopera.com, 619-232-7636